Richard Bernard

Richard Bernard

Faegre Drinker Biddle & Reath LLP

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FDIC Finds Buyer for Silicon Valley Bank

Silicon Valley Bank (SVB) - SVB failed on Friday, March 10; and on Monday, March 13, the Federal Deposit Insurance Corporation (FDIC) transferred all deposits — both insured and uninsured — and substantially all of SVB’s...more

3/29/2023  /  Banking Sector , Banks , FDIC , Receivership , Silicon Valley

Silicon Valley Bank and Signature Bank Failures

Silicon Valley Bank (SVB) - SVB failed on Friday, March 10; and on Monday, March 13, the Federal Deposit Insurance Corporation (FDIC) transferred all deposits — both insured and uninsured — and substantially all of SVB’s...more

3/22/2023  /  Banking Sector , Banks , Deposit Accounts , Deposit Insurance , FDIC , Financial Institutions , Receivership , Silicon Valley
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